CA Inc. (CA) Stake Lowered by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in CA Inc. (NASDAQ:CA) by 68.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,937 shares of the technology company’s stock after selling 75,072 shares during the quarter. SG Americas Securities LLC’s holdings in CA were worth $1,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CA. Creative Planning grew its holdings in shares of CA by 43.9% during the 1st quarter. Creative Planning now owns 5,989 shares of the technology company’s stock worth $190,000 after purchasing an additional 1,828 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in shares of CA by 16.3% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 23,718 shares of the technology company’s stock worth $752,000 after purchasing an additional 3,328 shares during the period. Profund Advisors LLC grew its holdings in shares of CA by 4.1% during the 1st quarter. Profund Advisors LLC now owns 30,397 shares of the technology company’s stock worth $964,000 after purchasing an additional 1,202 shares during the period. Strs Ohio grew its holdings in shares of CA by 1.8% during the 1st quarter. Strs Ohio now owns 33,256 shares of the technology company’s stock worth $1,054,000 after purchasing an additional 577 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of CA by 14.2% during the 1st quarter. Russell Investments Group Ltd. now owns 550,231 shares of the technology company’s stock worth $17,462,000 after purchasing an additional 68,486 shares during the period. Institutional investors own 67.51% of the company’s stock.

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In other CA news, EVP Jacob Lamm sold 16,349 shares of CA stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the transaction, the executive vice president now owns 45,483 shares of the company’s stock, valued at approximately $1,521,406.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael P. Gregoire sold 71,235 shares of CA stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the completion of the sale, the insider now directly owns 285,652 shares in the company, valued at approximately $9,535,063.76. The disclosure for this sale can be found here. Insiders have sold a total of 316,250 shares of company stock valued at $10,406,017 in the last quarter. Company insiders own 0.90% of the company’s stock.

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CA Inc. (NASDAQ CA) traded down 0.21% on Friday, hitting $33.10. The stock had a trading volume of 2,939,591 shares. The firm has a market cap of $13.94 billion, a P/E ratio of 18.39 and a beta of 0.82. The firm’s 50-day moving average price is $32.51 and its 200-day moving average price is $32.61. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54.

CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. On average, equities research analysts predict that CA Inc. will post $2.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th were paid a dividend of $0.255 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a yield of 3.08%. CA’s dividend payout ratio (DPR) is currently 56.67%.

A number of brokerages have recently issued reports on CA. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Credit Suisse Group restated a “neutral” rating and issued a $34.00 price target on shares of CA in a report on Tuesday, September 5th. Royal Bank Of Canada restated a “hold” rating and issued a $32.00 price target on shares of CA in a report on Monday, August 21st. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Barclays PLC restated an “equal weight” rating and issued a $36.00 price target (up previously from $35.00) on shares of CA in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.88.

About CA

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.